Ethereum

Cryptocurrency

Galaxy

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-markets-experience-fluctuations-and-regulatory-delays/" data-wpel-link="internal">Cryptocurrency Markets Experience Fluctuations and Regulatory Delays</a><br></p>
<p style="text-align: justify">Cryptocurrencies showed a stagnant appearance today after recent fluctuations. The Federal Reserve’s <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">interest rate</a> decision and economic data from the US had a positive impact on cryptocurrencies, yet a recent decision by the SEC might have raised new concerns.</p> 
<h2 style="text-align: justify" id="delay-in-ethereum-etfs">Delay in Ethereum ETFs</h2> 
<p style="text-align: justify">Recent news highlighted a setback in one of the most anticipated areas for cryptocurrencies. The SEC announced the delay of the Galaxy and Invesco <a href="https://en.coin-turk.com/ethereum-price-strong-position-maintained-chart-analysis-and-possible-scenarios/" data-wpel-link="internal">Ethereum</a> ETFs.</p> 
<p style="text-align: justify">Following this postponement, attention has turned once again to May 23. This date is closely watched by the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> for spot ETH ETFs, marking the deadline for the VanEck spot Ethereum ETF application.</p> 
<p style="text-align: justify">Recently, it was announced that Franklin’s spot Ethereum ETF, named EZET, was listed at DTCC. Despite all this, there is still no certainty about the approval, and market participants’ optimism is waning.</p> 
<p style="text-align: justify">Given these mixed feelings and outlooks in the market, it would not be wrong to say that there is no definite date for when the ETF will be definitively approved.</p> 
<h2 style="text-align: justify" id="how-much-is-ethereum-now">How Much is Ethereum Now?</h2> 
<p style="text-align: justify">While these events are unfolding in the market, attention has also turned to the price of Ethereum (ETH). The price of ETH seems unaffected by the news at the time of writing.</p> 
<p style="text-align: justify">Nevertheless, due to the declines during the day, it had fallen to $3080 after a 1.77% drop over the last 24 hours.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-348430" src="https://coin-turk.com/wp-content/uploads/2024/05/eth-fiyati-kac-dolar-oldu-coin-turk-com.png" alt="" width="2433" height="1145"></p> 
<p style="text-align: justify">During this period, <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a> were closely monitoring ETH’s market cap and 24-hour trading volume. ETH’s market cap was just over $370 billion after a nearly 2% drop in the last 24 hours.</p> 
<p style="text-align: justify">The 24-hour trading volume showed a positive outlook. ETH’s trading volume increased by 45% over the last 24 hours, reaching $12.9 billion.</p> 
<p style="text-align: justify">This trading volume, considering that there was no sharp drop in price, can be interpreted as a result of normal transactions rather than short selling.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cryptocurrency-markets-experience-fluctuations-and-regulatory-delays/" data-wpel-link="internal">Cryptocurrency Markets Experience Fluctuations and Regulatory Delays</a></h5>

Cryptocurrency Markets Experience Fluctuations and Regulatory Delays

Table of Contents

COINTURK NEWS

Other articles published on May 6, 2024

Ethereum (ETH) Daily Burn Rate Hits 4-Month Low: Here’s Why!

Satoshi and Bitcoin Put End to Monetary Dark Ages, Samson Mow Suggests

Visa Reveals 90% of Ethereum (ETH), Tron (TRX), Solana (SOL) Stablecoin Transactions as ‘Inorgani...

Ethereum Whales Increase Trading Activity

Analysts Foresee Altcoins ‘Explosive Rally’ Incoming, Is The Correction Phase Over?

Bitcoin (BTC) Recovery Faces Challenges: An In-depth Analysis of Crypto Market Trends

Join our free newsletter for daily crypto updates!